Swedbank AB (OTCMKTS:SWDBY) Short Interest Down 34.7% in June

Swedbank AB (OTCMKTS:SWDBY) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 19,981 shares, a drop of 34.7% from the June 15th total of 30,580 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 75,614 shares, the short-interest ratio is currently 0.3 days.

Swedbank Price Performance

SWDBY stock opened at SEK 38.56 on Friday. Swedbank has a 1 year low of SEK 24.87 and a 1 year high of SEK 40.58. The firm has a 50-day moving average of SEK 36.58 and a 200 day moving average of SEK 36.63. The company has a market cap of $43.35 billion, a P/E ratio of 12.90, a PEG ratio of 2.03 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%.The business had revenue of SEK 1.87 billion for the quarter. On average, equities research analysts expect that Swedbank will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SWDBY has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. Finally, Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell”.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.